Big banks want to issue new blockchain bond on Ethereum, but there’s a catch

Even the goddamn World Bank isn’t immune to blockchain hype: it has mandated that the first ever bond be issued via blockchain. The Commonwealth Bank of Australia (CBA) will be issuing what’s being called “the Kangaroo bond.” Bonds are used by businesses to raise capital – when investors buy them, they are essentially loaning money directly to the issuer. The debt is repaid over time, typically with a bunch of extra dividends. To set it apart from the traditional concept, the banks are calling their spin on it ‘bond-i’ – an acronym that stands for “blockchain operated new debt instrument.”…

Home run king Barry Bonds has No. 25 retired by Giants SAN FRANCISCO — Likely for the last time and almost 11 years after playing his final game, Barry Bonds ran out to left field in his No. 25 uniform shirt after being announced as if he were still in San Francisco's lineup. Bonds had his number retired by the Giants during a long ceremony Saturday night before playing his other team, the Pittsburgh Pirates — also 11 years to the month from when he broke Hank Aaron's home run record in his 22nd and final major league season. Still beloved and cheered in the Bay Area he cherishes as home,…

Ethereum plunges to its lowest level in 11 months Ethereum plunged as much as 17% Monday, sinking to a low of $285.14 per token, it's lowest price since September 2017. Other major cryptocurrencies, like the flagship bitcoin and Ripple's XRP, also saw significant selling and were down about 1% and 5%, respectively. Ethereum is closely intertwined with initial coin offerings (ICOs). Over the past year,those thousands of fundraisers propped up the price of ethereum. Monday's decline comes as many of those projects cash out of the blockchain in order to fund their operations, one expert told Bloomberg. "These startups are raising a lot of funds but they don't have…

Ethereum plunges to its lowest level in 11 months Ethereum plunged as much as 17% Monday, sinking to a low of $285.14 per token, it's lowest price since September 2017. Other major cryptocurrencies, like the flagship bitcoin and Ripple's XRP, also saw significant selling and were down about 1% and 5%, respectively. Ethereum is closely intertwined with initial coin offerings (ICOs). Over the past year,those thousands of fundraisers propped up the price of ethereum. Monday's decline comes as many of those projects cash out of the blockchain in order to fund their operations, one expert told Bloomberg. "These startups are raising a lot of funds but they don't have…